06:25:20 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



FP/wire say proxy advisers not keen on Edward Rogers

2024-04-16 09:22 ET - In the News

The Financial Post reports in its Tuesday edition that Rogers Communications shareholders are being advised to not reappoint chairman Edward Rogers because there are not enough women on the telco's board, two proxy advisory firms said. A Bloomberg dispatch to the Post says that only three of 14 directors on this year's director slate are women -- short of the minimum target of 30 per cent set by proxy advisory firms ISS and Glass Lewis. In January, Martha Rogers and Melinda Rogers-Hixon stepped down from the board as part of a settlement to a long-running feud with Mr. Rogers. Glass Lewis said shareholders should withhold their votes for three other directors as well as Mr. Rogers: Trevor English, Robert Gemmell and David Robinson. ISS advised withholding votes for Mr. English and real estate magnate Michael Cooper -- in the latter case because it believes he is on too many other boards. ISS advised shareholders to vote against the company's restricted share unit plan because of the extent of director participation. It also gave an additional reason for withholding support for Mr. Rogers: He is a controlling shareholder while also sitting on the board nominations committee. Rogers said nobody was available to comment.

© 2024 Canjex Publishing Ltd. All rights reserved.